Match Group stock plunges after decline in people paying for Tinder
Publishing timestamp: 2023-11-01 16:02:28
Summary
Match Group, the parent company of Tinder and Hinge, saw its shares fall more than 15% after reporting a 6% year-over-year dip in people paying for Tinder. The company also lowered its revenue projections for the fourth quarter of 2023. Analysts expressed concern about the lower revenue projections and falling number of paying Tinder users. Match Group also settled a lawsuit with Google and agreed to use Google's User Choice Billing, which could potentially drive higher app downloads.
Sentiment: NEGATIVE
Tickers: MTCH,
Keywords: earnings, breaking news: technology, internet, match group inc, technology, business news,